Monday 21 August 2017
 
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Global airline share prices see first fall since March

Global airline share prices fell by 3.2 per cent in July – the first monthly fall since March. Having risen by nearly 15 per cent over the previous three months, and having outperformed the global equity index over the past year, the month

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Madinah room prices skyrocket during Eid

Hotel room prices in Madinah, Saudi Arabia skyrocketed during Eid as thousands of visitors from across the kingdom travelled to the holy city for the holidays, said a report. The prices of accommodation in Madinah vary depending o

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Global airline share prices up 7.8pc in May

Global airline share prices made strong gains in May, rising 7.8 per cent in the month, to be more than 20 per cent higher over the past year. Airline shares have now outperformed the global equity index in year-on-year terms, for

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Dubai leads hospitality sector growth

Dubai is leading the growth in the region's hospitality industry, with the highest average price per key in Q1 2017 amongst the 21 cites in the Mena region at $446,000, an increase of $4,000 on Q4 2016. Dubai's hotel perfo

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Global airline share prices hit highest level since Oct 2015

Global airline share prices rose by 2.5 per cent in April, taking them to their highest level since October 2015. The global airline index has now risen by 10 per cent over the last year, just below the 13 per cent increase seen in global equiti

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Global airline share prices down 1.5pc in March

Global airline share prices fell by 1.5 per cent in March, partly unwinding recent gains. The global index is now unchanged from a year ago, while global equities overall are up 13 per cent over the same period. According to an ai

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Oil price slips further, markets focus on supply overhang

Friday morning saw oil prices fall, as markets turned their focus to a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output, said a report. Internatio

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Oil prices stay strong at over $50/barrel

Oil prices settled above $50 in early Asia trade Friday, owing to declining US inventories and reports that key members of the Organization of the Petroleum Exporting Countries (Opec) and Russia will meet next week to discuss Russia’s part

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Oil prices drop as growing supplies stoke glut concerns

Oil prices fell more than 1 per cent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fuelled concerns that the global glut will persist. Benchmark Brent crude futur

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Oil prices drop on returning Libya, Nigeria supplies

Oil prices fell on Friday on worries that US rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut. Brent crude futures were trading at $46.20 per barrel at 0643 GMT, dow

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